Ainsworths Financial Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04000799 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

AINSWORTHS FINANCIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I A Duffy

REGISTERED OFFICE:

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

REGISTERED NUMBER:

04000799 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Intangible assets

4

6,664

12,815

Tangible assets

5

4,849

921

11,513

13,736

CURRENT ASSETS

Debtors

6

198,120

238,306

Cash at bank and in hand

93,430

75,095

291,550

313,401

CREDITORS

Amounts falling due within one year

7

16,590

15,576

NET CURRENT ASSETS

274,960

297,825

TOTAL ASSETS LESS CURRENT
LIABILITIES

286,473

311,561

CREDITORS

Amounts falling due after more than one
year

8

(30,000

)

(60,000

)

PROVISIONS FOR LIABILITIES

(865

)

(106

)

NET ASSETS

255,608

251,455

CAPITAL AND RESERVES

Called up share capital

316,359

Share premium

82,170

Retained earnings

(142,921

)

(147,074

)

SHAREHOLDERS' FUNDS

255,608

251,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th September 2025 and were signed by:

I A Duffy - Director

1.	STATUTORY INFORMATION

Ainsworths Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised evenly over its estimated useful life of ten years.This goodwill was fully amortised by 2017.

Goodwill, being the amount paid in connection with the acquisition of a business at the end of 2022, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Office equipment

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

61,121

AMORTISATION

At 1st January 2024

48,306

Charge for year

6,151

At 31st December 2024

54,457

NET BOOK VALUE

At 31st December 2024

6,664

At 31st December 2023

12,815

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

Computer

fittings

equipment

Totals

£

COST

At 1st January 2024

13,198

2,635

27,365

43,198

Additions

3,497

-

1,579

5,076

Disposals

(13,198

)

(2,635

)

(22,263

)

(38,096

)

At 31st December 2024

3,497

-

6,681

10,178

DEPRECIATION

At 1st January 2024

13,198

2,635

26,444

42,277

Charge for year

295

-

853

1,148

Eliminated on disposal

(13,198

)

(2,635

)

(22,263

)

(38,096

)

At 31st December 2024

295

-

5,034

5,329

NET BOOK VALUE

At 31st December 2024

3,202

-

1,647

4,849

At 31st December 2023

-

921

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

17,734

59,764

Amounts owed by group undertakings

173,247

Other debtors

7,139

5,295

198,120

238,306

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Taxation and social security

246

485

Other creditors

16,344

15,091

16,590

15,576

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Other creditors

30,000

60,000